• Income Tax

Warranty provision allowable deduction if based on past events and reliable scientific estimate – ITAT

8 years ago

Provision for warranty allowable deduction if based on past events and reliable scientific estimate is made of future liability likely…

  • Income Tax

Income accumulation application allowed under rectification u/s 154 as there was only intimation u/s 143(1)

8 years ago

Income accumulation application allowed under rectification u/s 154 as assessment was not completed and there was only intimation u/s 143(1)…

  • GST

FAQs – Receiving Intimation of ITC Blocked by Tax Official, how to unblock your ITC

8 years ago

FAQs - Receiving Intimation of ITC Blocked by Tax Official 1. I have received an email message as well as…

  • Income Tax

Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue – ITAT

8 years ago

Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue - ITAT quashes…

  • Excise/Custom

Bank guarantee requirement for bond executed by EOUs-Clarification by CBIC

8 years ago

Bank guarantee requirement for bond executed by EOUs-Clarification on waiver of bank guarantee-surety to EOUs  Circular No. 27/2018-Customs F.No. DGEP/EOU/GST/Misc/24/2017…

  • bankruptcy

Moratorium u/s 14 of the Insolvency and Bankruptcy Code 2016 not apply to a personal guarantor of a corporate debtor – SC

8 years ago

Moratorium u/s 14 of the Insolvency and Bankruptcy Code, 2016 not apply to a personal guarantor of a corporate debtor…

  • Income Tax

Exclusions from both export and total turnover for deduction u/s 10A – CBDT Circular 4/2018

8 years ago

Exclusions from both export and total turnover for deduction u/s 10A - CBDT Circular 4/2018. All charges/expenses in Explanation 2(iv)…

  • Supreme Court

Forfeiture of gratuity not automatic on dismissal from service -Supreme Court

8 years ago

Forfeiture of gratuity is not automatic on dismissal from service; it is subject to sub-Sections (5) and (6) of Section…

  • Income Tax

Compensation paid to retiring partner on family settlement allowed as deduction to firm

8 years ago

Compensation paid to retiring partner consequent to family settlement-Deduction allowed as capital of firm was kept intact and business was…

  • Income Tax

Interest for late payment of service tax not penal in nature u/s 37 but only compensatory – ITAT

8 years ago

Interest for late payment of service tax not penal in nature but only compensatory. ITAT deletes disallowance made under section…